Privacy advocate: Facebook could face huge fines over its data use, in theory trillions of dollars

Privacy advocate: Facebook could face huge fines over its data use, in theory trillions of dollars

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/10/facebook-could-face-huge-fines-in-theory-trillions-of-dollars.html

Facebook co-founder Mark Zuckerberg needs to thread the needle this week by answering lawmakers' questions without "hanging himself," online privacy advocate Michael Fertik told CNBC on Tuesday.

Fertik, founder and executive chairman Reputation.com, pointed out that Facebook could in theory face more than $2 trillion in fines if the Federal Trade Commission were to conclude the Cambridge Analytica data scandal violated the consent decree the social network signed with the agency seven years ago.